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Difference between revisions of "Buying a Condominium"
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→Pay attention to issues important to you, and to the following:
Dial-A-Law (talk | contribs) |
Dial-A-Law (talk | contribs) |
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#::i. If the strata fees seem high, check if there are expensive recreational facilities or other features, or budgeted items which you will have to help pay for—whether they benefit you or not. | #::i. If the strata fees seem high, check if there are expensive recreational facilities or other features, or budgeted items which you will have to help pay for—whether they benefit you or not. | ||
#::ii. If the strata fees seem low, consider whether the budget is adequate for the strata corporation, and be realistic about likely strata fee increases. | #::ii. If the strata fees seem low, consider whether the budget is adequate for the strata corporation, and be realistic about likely strata fee increases. | ||
#:b.'''Other assessments'''—strata lot owners may need to pay other expenses, including: | #:b. '''Other assessments'''—strata lot owners may need to pay other expenses, including: | ||
#::i.'''Special levies'''—a strata lot owner also needs to pay their share of any special levy for extraordinary expenditures which is assessed against all strata lot owners | #::i. '''Special levies'''—a strata lot owner also needs to pay their share of any special levy for extraordinary expenditures which is assessed against all strata lot owners | ||
#::ii. '''User fees'''—there may be user fees to use parking or other facilities. | #::ii. '''User fees'''—there may be user fees to use parking or other facilities. | ||
#::iii. '''Fines and reasonable costs of bylaw enforcement'''—these can be charged back to an owner who contravenes the bylaws or rules. | #::iii. '''Fines and reasonable costs of bylaw enforcement'''—these can be charged back to an owner who contravenes the bylaws or rules. | ||